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Questions and Answers
What is the first step in preparing a business plan?
What is the first step in preparing a business plan?
- Creating the financial projections
- Outlining the marketing strategy
- Hiring the management team
- Conducting market research (correct)
What is a key component of a business plan?
What is a key component of a business plan?
- Negotiating partnership deals
- Identifying the target market (correct)
- Developing the customer service strategy
- Building the product prototype
Which activity should be included in the operational plan section of a business plan?
Which activity should be included in the operational plan section of a business plan?
- Installing the office furniture
- Designing the logo and brand colors
- Drafting the employee training manual
- Laying out the production process (correct)
